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ETFs

MAX Auto Industry 3x Leveraged ETN

CARU
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Jun 27, 2023
Expense Ratio
0.95%
Type
US Equities
Fund Owner
MAX ETNs
Volume (1m avg. daily)
$5,407
AUM
$3,933,018
Associated Index
Prime Auto Industry Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View
Invest with CARU
Trade CARU Options

What is CARU?

The return on the MAX Auto Industry 3X Leveraged ETNs is linked to a 3X times leveraged participation in the daily performance of the Prime Auto Industry Index, minus the applicable fees. The ETNs are not "buy and hold" investments and should not be expected to provide a 3X times leveraged return of the underlying index's cumulative return for periods greater than a day.

1M
3M
6M
YTD
1Y
3Y
Max
www.composer.trade

CARU
Performance Measures**

for the time period Jun 28, 2023 to Dec 4, 2025

Returns

1M Trailing Return: 25.9%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 6.6%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -66.4%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 82.0%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.51

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.14

The annualized return divided by the max drawdown for the selected time period.

ETFs related toCARU

ETFs correlated to CARU include GAUG, LGRO, XAUG

CARU
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GAUG
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XAUG
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AUGW
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CVRD
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GJUL
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ACES
ALPS Fund Services - ALPS Clean Energy ETF
IDRV
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DRIV
Global X Funds - Global X Autonomous & Electric Vehicles ETF
QCLN
First Trust Exchange-Traded Fund III - First Trust Nasdaq Clean Edge Green Energy Index Fund

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

CARU is a US Equities ETF. The return on the MAX Auto Industry 3X Leveraged ETNs is linked to a 3X times leveraged participation in the daily performance of the Prime Auto Industry Index, minus the applicable fees. The ETNs are not "buy and hold" investments and should not be expected to provide a 3X times leveraged return of the underlying index's cumulative return for periods greater than a day.

CARU tracks the Prime Auto Industry Index.

No, CARU is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, CARU is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on CARU is 0.0481%. This is the percent change in the value of CARU over the most recent 1-month period. The 3-month return on CARU is %. This is the percent change in the value of CARU over the most recent 3-month period.

ETFs similar to CARU include CARD, TQQQ, and SSO.

ETFs correlated to CARU include GAUG, LGRO, and XAUG.

ETFs that are inversely correlated to CARU include HIBS, SDS, and SPDN.

Yes, CARU is a Leveraged (3x) ETF: This means that CARU will try to match the performance of Prime Auto Industry Index, but with 3x the returns.

No, CARU is not an inverse ETF.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.